CIPS Exam A8 Topic 1 Question 14 Discussion

Actual exam question for CIPS's A8 exam

Question #: 14
Topic #: 1

Which of the following best describes 'retrospective discount'?

AA discount given by a seller to a buyer because of the business gained from that buyer over many years

BA discount given by a seller to a buyer based on the cumulative quantity of items purchased during a time period (usually 1 year)

CA discount given by a seller to a buyer because the buyer is a commercial client as opposed to a private individual

DA discount given by a seller to a buyer as a result of post-tender negotiation following the submission of a quotation.

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Suggested Answer: C

by Peggie at May 03, 2022, 04:52 AM

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